The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …
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AfricaBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
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AfricaBuildingEconomyEgyptNewsNorth AfricaNorthern AfricaTechnology
Egypt targets digital exports of $5.5B in 2022/23
Egypt aims to raise its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …
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AfricaEconomyEnergyNewsNigeriaWestern Africa
Electricity distribution companies report another national grid collapse
Major electricity distribution companies in Nigeria on Monday announced a fresh national grid collapse which has led to loss of supply across the country. The collapse occurred late Monday morning …
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Access BankAfricaBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaWestern Africa
Sterling Bank set to change name after shareholders approve restructuring
Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …
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AfricaAFRICA NEWSBusinessEastern AfricaNewsOil & Gas
EU/Ugandan Government saga continues as the EU summons TotalEnergies for questioning
The European Union (EU) parliament has emphatically voiced its concerns about the pipeline project the Ugandan and Tanzanian governments are devising. The pipeline which is designed to run through Lake …
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AfricaAviationBusinessBusiness InsightsGlobal NewsNewsSouth AfricaSouthern AfricaSpotlightTransportation & LogisiticsTravel & Tourism
South African Airways slides to a new low in global airlines rankings
South African Airways (SAA) continues to slide down the ranks of the world’s best airlines, dropping for the fourth consecutive year to its worst place on record. Meanwhile, Ethiopian Airlines …
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AfricaBusinessGhanaNewsNigeriaSpotlightTechnologyWestern Africa
Vendease, a food sourcing platform for African restaurants raises $30M to deepen operations across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt …
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AfricaNewsSecuritySouth AfricaSouthern AfricaTechnology
South Africa produces first military aircraft since the 1980s
The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel unveiled the Rooivalk, or red falcon, attack …
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AfricaBuildingGlobal NewsNewsSpotlightTechnology
Apple begins manufacturing iPhone 14 in India three weeks after launch
Apple has begun manufacturing its new iPhone 14 in India, narrowing a technology gap with the device’s main manufacturing base of China. Apple made the announcement on Monday, less than …
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The United Kingdom (UK) has announced plans to reintroduce tax-free shopping for overseas visitors to boost the country’s retail sector. Kwasi Kwarteng, UK finance minister and chancellor of the Exchequer, …